STRATEGY STUDIO / PUBLIC DATA EXPLORER

PASSAIC OPTIMIST FRIEND OF YOUTH FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PASSAIC OPTIMIST FRIEND OF YOUTH FOUNDATION INC (EIN 45-0930833)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-23
IRS object ID
202401149349301105
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-23T09:15:05-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN450930833EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Passaic Optimist Friend of Youth Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Daniel SheridanInCareOfNm
Business Name ControlPASSBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 1644AddressLine1Txt
CityPassaicCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07055ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL SHERIDANPersonNm
Person TitlePresidentPersonTitleTxt
Phone9737156693PhoneNum
Signature2024-04-23SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDANIELPersonFirstNm
Person LastSHERIDANPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer1TrustedCustomerCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAN SHERIDANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 1644AddressLine1Txt
CityPassaicCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07055ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$239,361GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.passaicoptimistfoundation.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionGrant scholarships to deserving New Jersey students and provide education opportunities in Passaic NJ areayouth appreciation awardActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers75TotalVolunteersCnt
Total Gross UBI$67,244TotalGrossUBIAmt
PY Contributions Grants$47,185PYContributionsGrantsAmt
CY Contributions Grants$37,986CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income-$60,405PYInvestmentIncomeAmt
CY Investment Income$67,244CYInvestmentIncomeAmt
PY Other Revenue$53,009PYOtherRevenueAmt
CY Other Revenue$78,404CYOtherRevenueAmt
PY Total Revenue$39,789PYTotalRevenueAmt
CY Total Revenue$183,634CYTotalRevenueAmt
PY Grants And Similar Paid$77,221PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$74,442CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$750PYOtherExpensesAmt
CY Other Expenses$2,043CYOtherExpensesAmt
PY Total Expenses$77,971PYTotalExpensesAmt
CY Total Expenses$76,485CYTotalExpensesAmt
PY Revenues Less Expenses-$38,182PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$107,149CYRevenuesLessExpensesAmt
Total Assets BOY$229,635TotalAssetsBOYAmt
Total Assets EOY$336,784TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$229,635NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$336,784NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionGrant scholarships to deserving students in Passic areaMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Revenue$37,986RevenueAmt
DescIndividual, private foundation and corporation contributions.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$25,426ExpenseAmt
Revenue$51,176RevenueAmt
DescScholarship dinner-fundraiser.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$18,796ExpenseAmt
Revenue$54,150RevenueAmt
DescGolf outing-fund raiser.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$11,505ExpenseAmt
Revenue$28,805RevenueAmt
DescOther fundraiserDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$11,505TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$28,805TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$55,727TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransYes (true)ProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Form8886 T FiledfalseForm8886TFiledInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Excs Tax Sect4951 Or4952 Or4953falseExcsTaxSect4951Or4952Or4953Ind
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Passaic Optimist Friend of Youth Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9737156693PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 1644AddressLine1Txt
CityPassaicCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07055ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DANIEL SHERIDAN
President TrusteeYes (X)Yes (X)$0$0$0
GERMAINE GIBSON
First Vice PresidentYes (X)$0$0$0
JASON SCOTTI
Second Vice PresidentYes (X)$0$0$0
JOHN CIUPPA
TreasurerTrusteeYes (X)Yes (X)$0$0$0
ESMERALDA CABRERA
Recording SecretaryYes (X)$0$0$0
JEROME GALLAGHER
TrusteeCorrespondingYes (X)Yes (X)$0$0$0
CARLIST CREECH
TrusteeYes (X)$0$0$0
JAMES MALISSA
TrusteeYes (X)$0$0$0
JUAN IZAGUIRRE
TrusteeYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$37,986AllOtherContributionsAmt
Total Contributions$37,986TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$67,244TotalRevenueColumnAmt
Unrelated Business Revenue$67,244UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$134,131FundraisingGrossIncomeAmt
Fundraising Direct Expenses$55,727FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$78,404TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$183,634TotalRevenueColumnAmt
Unrelated Business Revenue$67,244UnrelatedBusinessRevenueAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$942TotalAmt
Program Services$942ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$73,500TotalAmt
Program Services$73,500ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,016TotalAmt
Management And General$2,016ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$27TotalAmt
Management And General$27ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$76,485TotalAmt
Program Services$74,442ProgramServicesAmt
Management And General$2,043ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$9,621BOYAmt
EOY$11,427EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$220,014BOYAmt
EOY$325,357EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$229,635BOYAmt
EOY$336,784EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$229,635BOYAmt
EOY$336,784EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$229,635BOYAmt
EOY$336,784EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$229,635BOYAmt
EOY$336,784EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$229,635BOYAmt
EOY$336,784EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$107,149ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$22,547CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$37,798CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$69,202CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$42,085CurrentTaxYearMinus1YearAmt
Current Tax Year$37,986CurrentTaxYearAmt
Total$209,618TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$22,547CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$37,798CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$69,202CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$42,085CurrentTaxYearMinus1YearAmt
Current Tax Year$37,986CurrentTaxYearAmt
Total$209,618TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$209,618PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$22,547CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,129CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$40,167CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year-$60,405CurrentTaxYearMinus1YearAmt
Current Tax Year$67,244CurrentTaxYearAmt
Total$111,682TotalAmt
FieldValueIRS element (for citing)
Total Support$321,300TotalSupportAmt
Public Support CY1700.65241PublicSupportCY170Pct
Public Support PY1700.77515PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Disclosed Org Leg CtrlfalseDisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsfalseDisclosedForCharitablePrpsInd
Written Policy MonitoringfalseWrittenPolicyMonitoringInd
Section170h Rqr StsfdfalseSection170hRqrStsfdInd
Solicited Assets SalefalseSolicitedAssetsSaleInd
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabfalseInclEscrowCustodialAcctLiabInd

Financial Derivatives FinancialDerivativesGrp

FieldValueIRS element (for citing)
Method ValuationFMethodValuationCd

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescMutual FundsDesc
Book Value$325,357BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$325,357TotalBookValueProgramRltdAmt

Schedule G IRS990ScheduleG

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part VI Line 11bExecutive committee reviews financials.
Part VI Line 19Website of organization.
Part III Line 4dExpenses: $11505.00 including grants of: $0.00 Revenue: $28805.00
Part III Line 4dOther fundraiser